Prohibited Consideration definition
Prohibited Consideration means any direct or indirect payment or other consideration (including, without limitation, any (i) commissions, payments, kickbacks, lavish or extensive entertainment, (ii) pay, remuneration, or gratuity of any value from any Person contracting with, or seeking to contract with, any State party, or (iii) other inducements, in each instance other than such payments and other consideration as are expressly permitted under the PMA (including related Lottery documents), and then only to the extent so permitted thereunder.
Prohibited Consideration means (i) any non-cash property, other than any Security that (x) is listed or traded on a national securities exchange (as defined in the Exchange Act) or on the London Stock Exchange, Euronext Paris (Premier Marché), the Frankfurt Stock Exchange, the Tokyo Stock Exchange, the Hong Kong Stock Exchange and the Shanghai Stock Exchange, in each case or successors thereto, and (y) has an average weekly volume of trading (on a value basis, not on a shares traded basis), as reported by Bloomberg L.P., over the four most recently completed calendar weeks ended immediately prior to the measurement date of at least 20% of the average of the average weekly trading volumes (on a value basis, not on a shares traded basis), each as reported by Bloomberg L.P., over the same period of issuers with a market capitalization on the New York Stock Exchange or the Nasdaq Stock Market of no more than 20% greater or 20% lower than the market capitalization of the Buyer immediately prior to the applicable Buyer Change of Control, (ii) any Security of an issuer that is Excessively Leveraged or (iii) any Security of an issuer that is set forth on Exhibit A.
Examples of Prohibited Consideration in a sentence
The Contractor represents, warrants and covenants that it has not: accepted, nor shall accept, any Prohibited Consideration from any Person; given, nor shall give, any Prohibited Consideration to any Person; in each case in connection with, directly or indirectly, the Agreement.